Islamabad (Web Desk): The federal government on Saturday slashed price of petrol by Rs9 per litre.
Finance Minister Ishaq Dar, in a televised address, announced that the price of petrol and diesel have been decreased by Rs9 and Rs7 per lite, respectively in the fortnightly review.
Following the reduction, the petrol will be available at Rs253 per litre while the price of HSD will be Rs253.50 per litre.
Dar said no changes had been made to the petroleum development levy (PDL) which was increased to Rs60 per lite on the demand of International Monetary Fund (IMF).
The new prices will be effective from July 16 to August 1st.